| (in millions of USD, except per-share data) | Q1 FY 26 | Q4 FY 25 | Q3 FY 25 | Q2 FY 25 | Q1 FY 25 | Q4 FY 24 | Q3 FY 24 | Q2 FY 24 | Q1 FY 24 | Q4 FY 23 | Q3 FY 23 | Q2 FY 23 | Q1 FY 23 | Q4 FY 22 | Q3 FY 22 | Q2 FY 22 | Q1 FY 22 | Q4 FY 21 | Q3 FY 21 | Q2 FY 21 | Q1 FY 21 | Q4 FY 20 | Q3 FY 20 | Q2 FY 20 | Q1 FY 20 | Q4 FY 19 | Q3 FY 19 | Q2 FY 19 | Q1 FY 19 | Q3 FY 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||||||
| Revenues | 194.5 | 154.2 | 120.7 | 110.6 | 116.6 | 5.9 | 2.7 | 2.2 | 211.1 | 1.7 | 4.1 | 1.6 | 1.8 | 1.9 | 0.3 | 73.7 | ||||||||||||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||
| Revenues | 580.0 | 502.1 | 221.9 | 9.3 | 77.6 | 69.7 | 8.2 | 40.6 | - | - |
| Cost of Revenue | 28.3 | 21.0 | 3.9 | 2.4 | 3.4 | 3.1 | - | - | - | - |
| Gross Profit | 551.7 | 481.1 | 218.0 | 6.9 | 74.2 | 66.6 | - | - | - | - |
| Operating Expenses | ||||||||||
| Research & Development | 467.2 | 452.0 | 506.5 | 455.7 | 399.5 | 451.0 | 337.0 | 209.9 | 140.1 | 30.6 |
| Selling General & Administrative | 588.8 | 531.2 | 288.9 | |||||||
| Operating Income | ||||||||||
| Operating Income | (525.0) | (523.4) | (593.0) | (607.4) | (512.2) | (576.6) | (474.5) | (266.2) | (183.7) | (43.9) |
| Non-Operating | ||||||||||
| Interest Income | 20.7 | 19.9 | 17.2 | 18.0 | 7.5 | 1.1 | 4.0 | 8.9 | 2.0 | 0.0 |
| Interest Expense | 47.9 | 53.1 | 91.0 | 81.3 | ||||||
| Tax & Net | ||||||||||
| Income Tax Expense | - | 0.4 | 1.2 | 0.0 | 0.0 | - | - | - | - | - |
| Net Income From Continuing Ops | (729.9) | (732.9) | (543.3) | |||||||
| Per Share | ||||||||||
| EPS Basic | (3.70) | (3.78) | (2.88) | (3.95) | (3.26) | (3.90) | (3.80) | - | - | - |
| EPS Diluted | (3.70) | (3.78) | (2.88) | (3.95) | ||||||
| Supplementary Data | ||||||||||
| EBITDA | - | (518.0) | (586.9) | (600.9) | (505.4) | (570.8) | (473.0) | (265.4) | - | - |
| EBIT | (525.0) | (523.4) | (593.0) | (607.4) | ||||||
| 1.7 |
| 12.9 |
| 2.3 |
| 54.0 |
| 0.5 |
| - |
| 8.1 |
| - |
| - |
| - |
| 26.7 |
| - |
| - |
| - |
| Cost of Revenue | 9.9 | 8.1 | 6.6 | 3.7 | 2.6 | 2.1 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | - | 0.7 | 0.7 | - | - | 1.5 | 0.1 | - | - | 0.0 | - | - | - | - | - | - | - |
| Gross Profit | 184.6 | 146.1 | 114.1 | 106.9 | 114.0 | 3.8 | 2.1 | 1.6 | 210.5 | 1.1 | 3.5 | 1.0 | 1.2 | - | (0.4) | 73.0 | - | - | 0.9 | 53.9 | - | - | 8.1 | - | - | - | - | - | - | - |
| Operating Expenses | ||||||||||||||||||||||||||||||
| Research & Development | 126.6 | 116.4 | 112.9 | 111.2 | 111.4 | 130.4 | 120.4 | 114.7 | 141.0 | 130.2 | 125.1 | 107.5 | 92.9 | 90.9 | 92.5 | 108.4 | 107.6 | 122.2 | 104.3 | 102.0 | 122.6 | 90.2 | 92.1 | 86.6 | 68.2 | 57.5 | 55.3 | 52.3 | 44.9 | 31.1 |
| Selling General & Administrative | 163.9 | 158.1 | 137.6 | 129.2 | 106.4 | 94.8 | 68.8 | 59.5 | 65.8 | 47.6 | 35.8 | 36.1 | 31.1 | 31.9 | 31.2 | 36.4 | ||||||||||||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Depreciation & Amortization | 1.2 | - | - | - | 1.3 | - | - | - | 1.6 | - | - | - | 1.6 | - | - | - | ||||||||||||||
| Amortization of Intangibles | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.3 | 0.6 | 0.6 | 0.9 | |||||||||||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Total Operating Expenses | 300.5 | 293.7 | 265.9 | 244.8 | 221.0 | 231.9 | 194.5 | 177.7 | 210.8 | 179.2 | 161.8 | 147.7 | 128.0 | 131.1 | 129.5 | 153.9 | ||||||||||||||
| Operating Income | ||||||||||||||||||||||||||||||
| Operating Income | (106.0) | (139.6) | (145.2) | (134.3) | (104.4) | (226.0) | (191.8) | (175.5) | 0.3 | (177.4) | (157.7) | (146.1) | (126.2) | (129.2) | (129.1) | (80.2) | (173.7) | (165.6) | (149.5) | (94.0) | (167.5) | (127.5) | (119.9) | (124.6) | (102.5) | (78.6) | (54.5) | (69.3) | (63.8) | (41.5) |
| Non-Operating | ||||||||||||||||||||||||||||||
| Interest Income | 6.2 | 4.3 | 6.2 | 3.9 | 5.4 | 4.7 | 3.3 | 5.2 | 4.1 | 5.6 | 3.8 | 4.5 | 4.2 | 4.1 | 2.4 | 0.8 | 0.3 | 0.2 | 0.2 | 0.3 | 0.4 | 0.4 | 0.7 | 0.9 | 1.9 | 2.4 | 2.7 | 1.7 | 2.1 | 0.5 |
| Interest Expense | 12.9 | (14.4) | 11.7 | 37.6 | 18.1 | 21.5 | 23.1 | 22.9 | 23.5 | 20.3 | 20.3 | 20.6 | 20.1 | 20.0 | 19.8 | 20.3 | 20.3 | 15.1 | ||||||||||||
| Income From Equity Investments | (18.3) | (21.0) | (15.8) | (20.2) | (15.6) | (16.7) | (6.6) | (7.9) | 0.0 | - | 0.0 | 0.0 | - | - | - | - | ||||||||||||||
| Other Non-Operating Income | (60.6) | (55.2) | (41.3) | (47.4) | (65.2) | (40.2) | 27.5 | 100.0 | (36.5) | 7.1 | (21.8) | (14.6) | (16.6) | (11.3) | (11.1) | 77.6 | (27.7) | |||||||||||||
| Pre-Tax Income | - | - | (186.5) | (181.7) | - | - | (164.3) | (75.5) | - | - | - | - | - | - | - | - | - | |||||||||||||
| Tax & Net | ||||||||||||||||||||||||||||||
| Income Tax Expense | - | (0.1) | (1.5) | 2.1 | 0.0 | 1.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | - | 0.0 | 0.0 | 0.0 | - | 0.0 | 0.0 | 0.0 | - | - | - | - | - |
| Net Income From Continuing Ops | (166.6) | (194.6) | (184.9) | (183.8) | (169.6) | (267.4) | (164.3) | (75.5) | (36.2) | (170.3) | (179.5) | (160.7) | (142.7) | (140.6) | (140.2) | (2.6) | (201.3) | |||||||||||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Net Income | (166.6) | (194.6) | (184.9) | (183.8) | (169.6) | (267.4) | (164.3) | (75.5) | (36.2) | (170.3) | (179.5) | (160.7) | (142.7) | (140.6) | (140.2) | (2.6) | (201.3) | |||||||||||||
| Net Income Attributable To Parent | (164.0) | (192.9) | (182.7) | (181.9) | (167.4) | (265.1) | (162.0) | (73.5) | (35.2) | (168.1) | (177.0) | (157.9) | (140.2) | (137.6) | (137.3) | (9.9) | ||||||||||||||
| Less: Minority Interest | (2.5) | (1.8) | (2.2) | (1.9) | (2.2) | (2.3) | (2.2) | (2.1) | (0.9) | (2.2) | (2.5) | (2.8) | (2.6) | (3.0) | (2.9) | 7.3 | (4.9) | |||||||||||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
| Net Income To Common Shareholders | (164.0) | (192.9) | (182.7) | (181.9) | (167.4) | (265.1) | (162.0) | (73.5) | (35.2) | (168.1) | (177.0) | (157.9) | (140.2) | (137.6) | (137.3) | |||||||||||||||
| Per Share | ||||||||||||||||||||||||||||||
| EPS Basic | (0.84) | - | (0.95) | (0.95) | (0.88) | - | (0.86) | (0.39) | (0.20) | - | (1.08) | (0.98) | (0.92) | - | (0.93) | (0.07) | (1.35) | - | (1.06) | (0.66) | - | - | - | - | - | - | - | - | - | - |
| EPS Diluted | (0.84) | - | (0.95) | (0.95) | (0.88) | - | (0.86) | (0.39) | (0.20) | - | (1.08) | (0.98) | (0.92) | - | (0.93) | (0.07) | (1.35) | - | ||||||||||||
| Shares Basic | 194.8 | - | 191.9 | 190.5 | 190.1 | - | 188.5 | 187.6 | 178.7 | - | 163.3 | 160.5 | 152.6 | - | 147.9 | 146.7 | 145.9 | - | ||||||||||||
| Shares Diluted | 194.8 | - | 191.9 | 190.5 | 190.1 | - | 188.5 | 187.6 | 178.7 | - | 163.3 | 160.5 | 152.6 | - | 147.9 | 146.7 | 145.9 | - | ||||||||||||
| Supplementary Data | ||||||||||||||||||||||||||||||
| EBITDA | (104.8) | - | - | - | (103.1) | - | - | - | 1.9 | - | - | - | (124.5) | - | - | - | (171.8) | - | - | - | (166.9) | - | - | - | - | - | - | - | - | - |
| EBIT | (106.0) | (139.6) | (145.2) | (134.3) | (104.4) | (226.0) | (191.8) | (175.5) | 0.3 | (177.4) | (157.7) | (146.1) | (126.2) | (129.2) | (129.1) | (80.2) | (173.7) | (165.6) | (149.5) | |||||||||||
| 150.6 |
| 143.2 |
| 192.2 |
| 145.7 |
| 94.4 |
| - |
| - |
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | - | - | 145.7 | 94.4 | 43.6 | 13.3 |
| Depreciation & Amortization | - | 5.4 | 6.1 | 6.5 | 6.8 | 5.8 | 1.5 | 0.9 | - | - |
| Amortization of Intangibles | 2.8 | 2.7 | 2.4 | 2.4 | 2.4 | 2.6 | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | 1,105.0 | 1,025.5 | 814.9 | 616.7 | 589.9 | 646.3 | 482.7 | 306.8 | 183.7 | 43.9 |
| 80.4 |
| 46.8 |
| 36.7 |
| 8.8 |
| 2.5 |
| 0.0 |
| Income From Equity Investments | (75.3) | (72.6) | (31.2) | 0.0 | 0.0 | - | - | (20.9) | (0.3) | - |
| Other Non-Operating Income | (204.5) | (209.1) | 50.8 | (45.9) | 27.6 | (9.8) | (31.0) | (22.3) | 14.2 | 0.0 |
| Pre-Tax Income | - | (732.5) | (542.2) | (653.3) | (484.7) | - | 505.5 | 288.6 | 169.5 | 43.8 |
| (653.3) |
| (484.7) |
| (586.5) |
| (505.5) |
| (288.6) |
| (169.5) |
| (43.8) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - |
| Net Income | (729.9) | (732.9) | (543.3) | (653.3) | (484.7) | (586.5) | (505.5) | (288.6) | (169.5) | (43.8) |
| Net Income Attributable To Parent | (721.6) | (724.9) | (535.8) | (643.2) | (481.2) | (562.5) | (448.7) | (260.6) | (130.7) | (30.6) |
| Less: Minority Interest | (8.3) | (8.0) | (7.6) | (10.0) | (3.5) | (23.9) | (56.8) | (28.0) | (38.7) | (13.3) |
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (721.6) | (724.9) | (535.8) | (643.2) | (481.2) | (562.5) | (448.7) | (260.6) | (130.7) | (30.6) |
| (3.26) |
| (3.90) |
| (3.80) |
| - |
| - |
| - |
| Shares Basic | 194.8 | 191.5 | 186.1 | 162.8 | 147.5 | 144.4 | 118.0 | - | - | - |
| Shares Diluted | 194.8 | 191.5 | 186.1 | 162.8 | 147.5 | 144.4 | 118.0 | - | - | - |
| (512.2) |
| (576.6) |
| (474.5) |
| (266.2) |
| (183.7) |
| (43.9) |
| 43.7 |
| 54.7 |
| 46.1 |
| 46.0 |
| 45.4 |
| - |
| 36.0 |
| 38.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 45.4 |
| 37.4 |
| 36.0 |
| 38.0 |
| 34.3 |
| 35.0 |
| 23.5 |
| 17.0 |
| 18.9 |
| 10.3 |
| 1.9 |
| - |
| - |
| - |
| 0.6 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.7 |
| - |
| 0.0 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 175.4 |
| 178.5 |
| 151.8 |
| 148.0 |
| 168.0 |
| 127.6 |
| 128.1 |
| 124.6 |
| 102.5 |
| 92.5 |
| 81.3 |
| 69.3 |
| 63.8 |
| 41.5 |
| 11.1 |
| 10.8 |
| 9.7 |
| 11.0 |
| 10.9 |
| 10.8 |
| 4.0 |
| 3.0 |
| 2.1 |
| 1.9 |
| 1.7 |
| 1.2 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (4.7) |
| (6.6) |
| (5.0) |
| (4.6) |
| - |
| 13.3 |
| (11.5) |
| (8.1) |
| (3.6) |
| (7.5) |
| (10.2) |
| (11.6) |
| (1.6) |
| (5.5) |
| (6.1) |
| (5.0) |
| (5.7) |
| (0.6) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (152.3) |
| (161.0) |
| (102.1) |
| (171.1) |
| (135.0) |
| (130.2) |
| (136.2) |
| (104.1) |
| (84.2) |
| (60.7) |
| (74.3) |
| (69.4) |
| (42.1) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (152.3) |
| (161.0) |
| (102.1) |
| (171.1) |
| (135.0) |
| (130.2) |
| (136.2) |
| (104.1) |
| (84.2) |
| (60.7) |
| (74.3) |
| (69.4) |
| (42.1) |
| (196.4) |
| (147.2) |
| (155.9) |
| (96.3) |
| (163.1) |
| (120.0) |
| (115.9) |
| (121.0) |
| (91.9) |
| (73.5) |
| (60.0) |
| (66.0) |
| (61.2) |
| (31.4) |
| (5.1) |
| (5.1) |
| (5.7) |
| (8.0) |
| (15.0) |
| (14.3) |
| (15.2) |
| (12.2) |
| (10.7) |
| (0.7) |
| (8.4) |
| (8.3) |
| (10.7) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (9.9) |
| (196.4) |
| (147.2) |
| (155.9) |
| (96.3) |
| (163.1) |
| (120.0) |
| (115.9) |
| (121.0) |
| (91.9) |
| (73.5) |
| (60.0) |
| (66.0) |
| (61.2) |
| (31.4) |
| (1.06) |
| (0.66) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 146.7 |
| 146.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 146.7 |
| 146.8 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (94.0) |
| (167.5) |
| (127.5) |
| (119.9) |
| (124.6) |
| (102.5) |
| (78.6) |
| (54.5) |
| (69.3) |
| (63.8) |
| (41.5) |